What is Whole Life Insurance and Will It Really Last Until I Die?

What is Whole Life Insurance and Will It Really Last Until I Die?

Whole life – often called ordinary life or straight life – is the original permanent life insurance policy, which is still the most commonly used in-force policy today. Over the past 20 years, this policy has become less popular, with the introduction of universal life, variable life, and variable universal life. These policies are less rigid than whole life.

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Life Insurance 101 With Tony Steuer

Life Insurance 101 With Tony Steuer

Life insurance is a type of insurance that pays money when someone passes away. It is one of the oldest types of insurance/financial products in existence and dates back to the 17th century. The primary function of life insurance is to assist the beneficiary when there is an economic loss, due to the death of the insured, which extends beyond just funeral or final expenses. When purchasing this type of insurance, it’s important to keep in mind that life insurance is not for you; it is for your survivors.

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